Laura has a nearly new economy car, but she wants a Ford Mustang because she thinks it would be exciting to own one. If she decides to purchase a sports car such as the Mustang, she will be primarily fulfilling a PSYCHOLOGICAL need.
Explanation:
- Psychological needs can be defined as a psychological condition in which something is required or wanted.
- According to Self-determination theory, human beings have three basic psychological needs: a need for autonomy, competence, and relatedness. Cross-cultural research has shown that need satisfaction is necessary for all people's healthy development, engagement, motivation, and well-being.
- Need satisfaction is even related to greater work performance, less perceived stress, and fewer turnover intentions. Also, when the needs are not satisfied, there will be negative psychological consequences.
- The three basic psychological needs are present and need to be satisfied at all levels of human functioning: at the specific-task level (a given job task), at the domain level (work or family), and at the global level (personality).
Answer:
It is fair because due to marriage the resources tends to accumulate and thus the common expenses like living housing eating costs goes down than they were sustaining when they were not married.
Explanation:
Solution
It will result in higher tax due to the marginal rate rising due to increase in income plus due to joint filing after marriage.
The difference seems to be fair from the point of view that due to marriage the resources become pooled and thus the common expenses like living housing eating costs come down than they were incurring when they were single. Hence, they can now afford to pay higher taxes and it kind of does seem fair.
Answer:
The more advantageous business formation for an entrepreneur is:
A sole proprietorship.
Explanation:
Easy to start and simple to operate is the sole proprietorship, suitable for an innovative entrepreneur. It provides a better option for a low-risk business, with no additional taxation of income. Since an entrepreneur creates a new business, bearing most of the risks and enjoying most of the rewards, the sole proprietorship form of business provides the best starting point before he or she can join with others.
Answer:
-$1,800
Explanation:
Given that
Tax liability = $1,700
Prepayment made = $1,500
Child tax credit = $2,000
The computation of tax refund is given below:-
= Tax liability - (Prepayment made + Child tax credit)
= $1,700 - ($1,500 + $2,000)
= $1700 - $3500
= -$1,800
Therefore, from the above calculation simply we subtract tax liability from prepayment and child tax credit.